Aroundtown Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	702.4	871.5	256.3	-1,834	-527	748.1
Depreciation & Amortization	14.6	14.1	17.4	11.1	13.4	10
Other Amortization	3.6	3.6	2.8	6.8	7.7	5.9
Gain (Loss) on Sale of Assets	8.6	8.6	-1.8	42.7	-42.6	-65.6
Gain (Loss) on Sale of Investments	30.2	30.2	0.8	-14.8	168.6	115.4
Asset Writedown	48	-155.2	173.2	3,312	944.2	-744.1
Stock-Based Compensation	4.6	3.6	5.2	5.3	5.4	5.9
Income (Loss) on Equity Investments	-8.4	-15.1	42.5	149.8	-5.9	-193.4
Change in Other Net Operating Assets	-46	-50.9	-55.3	-58.5	-29.1	-61.3
Other Operating Activities	46.3	97.5	379.4	-847.9	253.3	804.9
Operating Cash Flow	803.9	807.9	820.5	772.1	788	625.8
Operating Cash Flow Growth	-2.32%	-1.54%	6.27%	-2.02%	25.92%	1.62%
Acquisition of Real Estate Assets	-711.4	-713.7	-512.2	-411.8	-756.7	-815
Sale of Real Estate Assets	830.3	1,017	730	970.4	1,287	2,017
Net Sale / Acq. of Real Estate Assets	118.9	303.4	217.8	558.6	529.8	1,202
Investment in Marketable & Equity Securities	-249.1	-117.9	-65.2	49.6	-121.3	-124.3
Investing Cash Flow	-130.2	185.5	152.6	608.2	408.5	1,078
Long-Term Debt Issued	-	3,226	1,418	812.9	225	-
Long-Term Debt Repaid	-	-2,675	-1,214	-1,151	-854.4	-1,320
Net Debt Issued (Repaid)	1,158	550.8	203.7	-338.2	-629.4	-1,320
Issuance of Common Stock	214.7	-	-	-	-	235.2
Repurchase of Common Stock	-1,005	-870.9	-485.8	-126.2	-372.7	-444.1
Common Dividends Paid	-	-	-	-	-169.3	-252
Other Financing Activities	-262.5	-185.3	-213.8	-587.2	-592.1	-825.4
Foreign Exchange Rate Adjustments	2.8	3.9	11	-2	4.9	16.1
Miscellaneous Cash Flow Adjustments	-1.7	-2.7	-1	9.1	-5.5	1,068
Net Cash Flow	780.1	489.2	487.2	335.8	-567.6	180.9
Cash Income Tax Paid	125.4	119.2	112.8	111.4	96.7	92.6
Levered Free Cash Flow	482.49	591.5	416.64	539.2	606.88	390.15
Unlevered Free Cash Flow	643.86	743.38	563.64	683.01	722.38	502.9
Change in Working Capital	-46	-50.9	-55.3	-58.5	-29.1	-61.3

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.